Just continuing the BAR setup contemplationTaking the sector...

Just continuing the BAR setup contemplation

Taking the sector first which pulls up the juniors, last night the gold price closed a little higher indicating a potential flat spot on GDX will move higher but an earlier fractal on GDX also suggested same.






BAR is setting up with clear reversal in RSI and ATR



The RSI is particularly important because above 50 suggests rising trend which the wedge pattern supports.

I also note the confirmation on MACD and emerging uptick on Momentum


Finally, I note the 14 day EMA cross suggesting a movement for the second time about to come about to hit the blue banker's control line. An early indication accumulation will move to trend markup. Bear in mind mining through put will take time but the price of gold is likely to advance the joint venture further into high grade areas rather than a trial. Good enough for me at these prices to top up.

Not much attention being paid to BAR at this point in time is good for those seeking to beat a further confirmation of an upward trend being established. Good luck guys.